London, ON N5W 3B3,1267 Dundas ST
London, ON N5W 3B3,1267 Dundas ST
London, ON N5W 3B3,1267 Dundas ST
London, ON N5W 3B3,1267 Dundas ST
London, ON N5W 3B3,1267 Dundas ST
London, ON N5W 3B3,1267 Dundas ST
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$ 728,000
Est. payment | /mo

9 Beds

9 Baths


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$ 728,000
Est. payment | /mo
Save

9 Beds

9 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

MLS Listing ID X11898941

Style Other

Bedrooms 9

Annual Tax Amount $10,804

Tax Year 2023

Property Description

This 8-unit property, situated at the intersection of Dundas St and Oakland Ave, offers incredible potential for savvy investors. With a gross income of $66,168 (projected to increase to $73,368) and a net income of $33,372 (projected to grow to $40,572), this property is a true income-generator. Each of the 8 units has its own meter, providing excellent opportunities for future landlords to boost profitability. The building comprises five one-bedroom units, one bachelor unit, and two two-bedroom units, all fully rented. Additional features include five parking spots and a single-car garage, which can be rented for extra storage income. The basement under 1265 is unfinished and includes a 2-piece bathroom, with plumbing in place to add laundry facilities. The remaining space can also be rented as a workshop or storage area for added revenue. Properties like this are rare at such an attractive price. Don't miss your chance to own this 8plex and take advantage of its income potential!

Location

Province ON

County Middlesex

Community East M

Area Middlesex

Region East M

City Region East M

Rooms

Family Room No

Basement Partial Basement

Kitchen 8

Interior

Interior Features Water Heater Owned

Cooling None

Fireplace No

Heat Source Electric

Exterior

Parking Features Private

Garage Spaces 3.0

Pool None

Roof Type Asphalt Shingle,Flat

Total Parking Spaces 4

Building

Unit Features Public Transit,School Bus Route,School,Place Of Worship

Foundation Block

Listed by CENTURY 21 FIRST CANADIAN CORP

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1267 Dundas ST